While the golden beaches and bronzed beauties may attract the world's eaters, drinkers, and smokers to Australia's shores, Melbourne and Sydney are the most expensive place in the world to partake of these life necessities. Close behind is that other paradise... Caracas, Venezuela. But if all you want to do is eat... the socialist safe haven of Venezuela is not where you want to end up as a loaf of bread costs on average over $11. It hasn't always been that way... the cost of eating, drinking, and smoking in Caracas has soared almost 400% in the last 10 years.
The price of eating the most basic food is highest in Caracas, Venezuela...
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But if you want to drink and smoke too... Australia ousts the Socialist paradise...
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However, Venezuela tops the charts for real inflationary costs for average citizen over the last 10 years...
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Socialism por siempre...
Source: Deutsche Bank